Insurtech Zebra has acquired digital platform for managing and saving on insurance Marble. The acquisition is effective as of July 25, 2024.
Both The Zebra and Marble share a vision for simplifying insurance shopping for consumers.
Marble reports that it has raised $6.7 mn in funding to date, and its latest round was led by Distributed Ventures (Chicago/New York), with participation from new investors Blue Collective, Goodwater Capital, and CE Innovation Capital; existing investors IA Capital Group, MS&AD Ventures, Reciprocal Ventures; and veteran angel investors from across the finance and insurance industry.
This acquisition combines the strengths and expertise of the two companies, allowing The Zebra to innovate more rapidly and expand its consumer offerings – including policy uploading and management, a virtual insurance wallet and automated shopping.
Our goal at The Zebra has always been to take the hassle out of shopping for insurance – and to make it accessible, fast and simple for everyone
Keith Melnick, CEO of The Zebra
“By acquiring Marble, we’re excited to bring aboard teams and technology perfectly aligned with our goals. This is only going to make it easier for us to provide all types of customers better ways to not only save on insurance, but also organize and access their policies”, Keith Melnick, CEO of The Zebra says.
By leveraging the technology and experts from Marble, The Zebra plans to provide more value and convenience to existing and future customers by giving them a way to organize their insurance information while using the platform to shop, compare, re-shop and save on all their insurance policies.
Marble members can sync their Marble account with Apple Wallet, allowing them to easily access all of their insurance policies alongside their other important digital cards.
This functionality also allows members to easily share or revoke access to single policies or all policies, making it perfect for sharing insurance information with roommates, partners, neighbors, and more.
“Our goal is to help individuals keep track of all their policies, understand when they might see changes to their policies, and know whether to renew or to shop around when the time comes,” comments Stuart Winchester, CEO and Founder, Marble.
“We believe US consumers deserve simple, intuitive digital tools and rewards that they can use in their daily lives to take control and save on their insurance. It’s about more than just trying to sell another policy—it’s about helping Americans feel confident in their coverage, knowing that they are protecting what matters to them most.”
The announcement represents both a great accomplishment and a huge new opportunity
Stuart Winchester, Marble CEO and Founder, who will serve in a VP role at The Zebra
“With over a decade of proven success and dedication to American insurance shoppers, we knew basically right away that with The Zebra, our team will continue to make a big impact”, said Stuart Winchester
Continued Melnick, “This is the first acquisition in our 12-year history, and it was worth the wait. I’m thrilled to welcome the Marble team to The Zebra – and can’t wait to see what we build together.”
The Zebra is the nation’s leading, independent insurance comparison site. With its dynamic, real-time quote comparison tool, drivers can identify insurance companies with the coverage, service level, and pricing to suit their unique needs.
The Zebra compares more than 100 insurance companies and provides agent support and educational resources to ensure drivers are equipped to make the most informed decisions about their home and auto insurance.
Founded in 2020, Marble is a one-hub, digital wallet that allows members to shop, compare, optimize, and – for the first time ever – earn rewards on their insurance. Marble members are insured by the nation’s largest insurance agencies and can link their automotive, home, renters, pet, life, and other types of personal insurance. Marble is proudly based in New York, New York.
